BHP Billiton plc (LON:BLT) Given Sell Rating at Goldman Sachs Group, Inc. (The)

BHP Billiton plc (LON:BLT)‘s stock had its “sell” rating reiterated by analysts at Goldman Sachs Group, Inc. (The) in a research note issued to investors on Monday, July 24th. They presently have a GBX 1,075 ($13.96) price objective on the mining company’s stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential downside of 20.43% from the company’s current price.

Other analysts have also issued reports about the stock. Citigroup Inc. restated a “buy” rating on shares of BHP Billiton plc in a research report on Tuesday, April 11th. Morgan Stanley set a GBX 1,510 ($19.60) price target on shares of BHP Billiton plc and gave the stock a “buy” rating in a research report on Wednesday, April 12th. HSBC Holdings plc upgraded shares of BHP Billiton plc to a “buy” rating and set a GBX 1,500 ($19.47) price target on the stock in a research report on Wednesday, April 19th. Jefferies Group LLC decreased their price target on shares of BHP Billiton plc from GBX 1,800 ($23.37) to GBX 1,700 ($22.07) and set a “buy” rating on the stock in a research report on Tuesday, April 18th. Finally, Investec restated a “buy” rating and issued a GBX 1,480 ($19.21) price target on shares of BHP Billiton plc in a research report on Wednesday, May 17th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,303.41 ($16.92).

Shares of BHP Billiton plc (BLT) traded down 0.81% during midday trading on Monday, hitting GBX 1351.00. 10,785,710 shares of the stock were exchanged. The firm’s market cap is GBX 71.90 billion. BHP Billiton plc has a 12-month low of GBX 957.10 and a 12-month high of GBX 1,518.50. The stock’s 50 day moving average is GBX 1,316.55 and its 200 day moving average is GBX 1,270.15.

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BHP Billiton plc Company Profile

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.